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Oct 3, 2012 5:00pm EDT
and rice prices are higher. i take the other side of that. my go-to trade would be like a conoco phillips. here is an oil producer that has more than 70% of its assets in the north america region. if there is a gas spice this is not a company that is reliant on the strait and they have their assets in a much safer place and i think they get a premium as a result of that. >> i don't think there is a regem that goes away easily. you have to expect that. i would stay away from the oil names at this point in time. i think oil could go much lower. you follow this through to the logical conclusion you could see opec start to fracture. if everybody is pumping a much oil as they can because they have to pay their bills then everybody will be cheating on opec. i would certainly stay away from those names there. i would rather have natural gas. that is the place to be. >> this is yet another reason to be negative on the market or at least neutral. i have been pairing back exposure. uncertainty is not great. the regime to go away the least quickly is arguably iran. and then you have russia with a si
Oct 3, 2012 6:00pm EDT
, uh-oh, pepsi, consumer products company. altria, conoco phillips, new york community, high-yielding financial. keep altria. between pepsi and procter, keep pepsi. we're going to put in a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >> hey. modern portfolio. it's a modern portfolio. i have popeye's. i love the red beans and rice. aig is my favorite financial. michael kors is the terrific apparel company where they still charge $200 even at the outlets. dynavax. and facebook is not doing as badly as everybody else. internet company, financial, apparel company, biotech and we've got a restaurant, i say, bingo! deloris in new york. deloris? >> caller: hi, jim. boo-yah to you. >> i'll be there this weekend. clinton hill is coming back. go ahead. >> caller: we love you, jim. you do so much for us. >> thank you. >> caller: i want to know if i'm diversified. my first stock is target, second is sirius xm, third is clorox, fourth is disney and last is johnson & johnson. >> all right. let me go to
Sep 26, 2012 9:00am EDT
is probably that word. back to you, melissa lee. >>> let's get an update on emergency and metals. phillip is live for us from chicago. great to speak with you. let's start off with the picture in oil here. we dip below 90 for the first time since early august. which way are traders betting? i heard that as we enter quarter end, a lot of traders were actually alongwell for a long time. >> it's going to be a very tough trade for them. we've been down about 10% in the last six sessions. we're sitting right around 90 dollars. got resistance up at about 96. concerns over global growth. got saudi arabia, they're going to ramp up their production all the way until year end to try and keep those oil prices down. but the real picture is the department of energy. their inventory, if you look at at the tall stocks for the five-year seasonal average, is sitting right around 370 million barrels. that's their inventory. the five-year seasonal average is down about 325, so we're 10% over. remember last week we had a build of 8.5 million barrels. this week we're expecting a build of two million. if you s
Oct 3, 2012 9:00am EDT
brand and it's a phillip-morris side of the business. kraft is more of the -- >> gum. snack and gum. >> no. i like gum. who doesn't. and biscuits. what's not to like? back to politics now. president obama's lead has narrowed heading into tonight's big debate. john harwood is in denver getting ready for the big event. john? >> reporter: melissa, we've got several pieces of encouraging news for mitt romney from not only the wall street poll but swing states poll. you mentioned that mitt romney's closed the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our poll. in virginia, he has closed the gap from five to two. if you look at the state of ohio, a must-win state for mitt romney, mathematically possible for him to get to it without it but his strategists think he needs it. he needs to make progress there. but the fact that some of the national polls are coming back a little bit, some of the swing state polls are tightening, is a bit of an earn couragement for romney t
Search Results 0 to 3 of about 4